Market Size of Tackifier Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 554.37 Million |
| Market Size (2029) | USD 659.69 Million |
| CAGR (2024 - 2029) | > 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Tackifier Market Analysis
The Tackifier Market size is estimated at USD 554.37 million in 2024, and is expected to reach USD 659.69 million by 2029, growing at a CAGR of greater than 3.5% during the forecast period (2024-2029).
- The COVID-19 outbreak caused nationwide lockdowns around the world, disruptions in manufacturing activities and supply chains, and production halts, all of which had a negative impact on the market in 2020. Subsequently, the market recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
- One of the major factors driving the market is the growing urban infrastructure in developing countries. However, the emerging tackifier-free adhesives market is hindering the growth of the market studied.
- Shifting focus towards bio-based tackifiers is expected to provide a major growth opportunity for the market studied. Asia-Pacific accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
